REI Lense

REI Lense

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$2,308 (target)

6855 Colonial Garden Dr, Huntersville, NC 28078

3 beds • 2 baths • 2350 sqft

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This property looks like a bad Long-Term investment with a projected -14.66% first-year return on $104k initial cash invested.

-14.66%

Cash On Cash

3.13%

Cap Rate

0.53

DSCR

$2,308

Rent

-$1,275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,308 income − $3,583 expenses = $1,275 out of pocket

Income$2,308Out of Pocket$1,275Mortgage P&I$2,457106%Property Taxes$28212%Insurance$1748%HOA$713%Management$23110%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

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Purchase Price

$497k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$99,400

Closing costs

1%

$4,970

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,308

Total Expenses

$3,583

Mortgage P&I

106%

$2,457

Property Taxes

12%

$282

Home Insurance

8%

$174

HOA

3%

$71

Property Management

10%

$231

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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